General Dynamics Co. (NYSE:GD) Shares Purchased by Balboa Wealth Partners

Balboa Wealth Partners boosted its holdings in General Dynamics Co. (NYSE:GD) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 793 shares of the aerospace company’s stock after acquiring an additional 91 shares during the period. Balboa Wealth Partners’ holdings in General Dynamics were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GD. Financial Life Planners acquired a new stake in General Dynamics in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Dynamics in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in General Dynamics in the 4th quarter valued at about $28,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at about $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

General Dynamics Trading Up 0.4 %

NYSE GD opened at $262.19 on Friday. General Dynamics Co. has a one year low of $239.87 and a one year high of $316.90. The company’s 50 day moving average price is $257.89 and its 200 day moving average price is $278.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The firm has a market capitalization of $70.88 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.69 and a beta of 0.59.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, sell-side analysts predict that General Dynamics Co. will post 14.83 EPS for the current year.

General Dynamics announced that its board has authorized a share repurchase program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be given a $1.50 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. This represents a $6.00 annualized dividend and a yield of 2.29%. General Dynamics’s dividend payout ratio (DPR) is 43.99%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Susquehanna reduced their target price on shares of General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. Barclays reduced their target price on shares of General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Citigroup reduced their target price on shares of General Dynamics from $360.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, Baird R W lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $297.71.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.